The Michael Ruggiero Collection of Japan

1871, Dragon, 500 mon blue green, plate 1, laid paper, position 8, showing guide pinhole at upper right, cancelled by clear, partial kensazumi killer, good margins to clear at top, Very Fine. J.S.C.A. 4e 100,000 yen (HK$ 7,750). Scott 4; $650 (HK$ 5,040).
Estimate HK$ 2,500 - 3,500.